Results for drill holes demonstrate that there is a high-grade interior zone within the historic resource area that is surrounded by a lower grade halo. Current results support the Company's belief that there are zones that have not been identified or adequately tested by earlier historic drilling.

"Drilling results thus far at the Bruner historic resource area continue to show remarkable progress towards uncovering high-grade levels of mineralization and reinforce our confidence that our investment in Bruner has the potential to deliver enhanced value to our shareholders," said Bob Coale, CEO of Patriot Gold. "As we continue to drill and test more portions of the historic resource area, we will be able to further define the Bruner project site and more accurately determine whether the historic average grade assigned to the site needs to be updated."

The intercept in drill hole B-1412 lies approximately 75 feet from the intercept reported previously from drill hole B-1404C and demonstrates continuity of a high-grade portion within the main mineralized zone of the area. The intercept in B-1412 is significantly more silver-rich than observed in previously completed drill holes in this portion of the historic resource area, and may be indicative of potential gold-silver zoning within the deposit which have yet to be identified and quantified. The true widths of these intercepts cannot be determined at this time.

Reverse circulation drilling was completed recently at four additional drill holes located in the same section but at shallower depths. Results for RC drill holes B-1414, B-1415, B-1416 and B-1417 are presented as follows:

Together, the six drill hole intercepts have tested the southern portion of the historic resource area. On the section containing the B-1412 and B-1413 core holes, the main mineralized zone is approximately 100 feet (30.5 meters) thick, 350 feet (106 meters) wide, lying approximately 60 feet (18.3 meters) below the surface. The section containing B-1414 and B-1415 core holes, the main mineralized zone is approximately 150 feet (45.7 meters) wide, 350 feet (106 meters) thick and lies immediately below the surface. The B-1416 and B-1417 core holes are in a main mineralized zone that is approximately 210 feet (64 meters) wide, 350 feet (106 meters) thick and lies immediately below the surface.

RC drilling is continuing on adjacent sections, targeting two inclined holes per section. The results reported above demonstrate that there are high-grade zones (cores or roots) within the historic resource area that have not been identified or adequately tested by historic drilling.

The Bruner Project

The Bruner Project is situated in central Nevada, 15 miles north of the Paradise Peak mine, 45 miles northwest of Round Mountain and 25 miles east of the Rawhide mine. Historic production from the Bruner property included about 100,000 ounces at an average grade of 0.56 opt gold.

Patriot Gold's Option To Optionee/Operator

Patriot Gold owns 100% undivided rights, title and interest in the project which is subject to certain royalties and an earn-in option agreement for 70% interest. The earn-in optionee/operator has the right to earn 70% interest in the Bruner project by spending $6 million over seven years and may earn an additional 5% by completing a bankable feasibility study for a total of 75% interest in the project. Subsequent to the optionee/operator earn-in, financing of the project will be on a proportional basis.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in the company's filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at http://www.sec.gov.